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by giantg2 1542 days ago
"The people complaining about these loans have no idea how it actually works."

Not that I'm one complaining about the loans, but so you have a link to how it works?

I didn't mean they directly use it like that, which is why I mortgage in quotes. I thought there's a specific type of small corp the wealthy use to avoid/reduce taxes by going through a sort of conversion.

1 comments

I explained how it works. Which part is unclear? How you get the loans? At the asset levels where you might consider the "buy, borrow, die" strategy, like $100m+, you can simply ask your banker or more likely your family office will do it for you.
Lol OK. How about a link then?
A link to what?
A link to how the ultra wealthy access their money/stocks and reduce taxes.
There are plenty of articles you can find by googling buy borrow die, such as this one https://www.wsj.com/articles/buy-borrow-die-how-rich-america...